Information asymmetry happens when buyers and sellers have different levels of information, leading to adverse selection in the market. Adverse selection occurs when one party, either the buyer or the seller, has hidden information about the product and makes buying or selling decisions based on that information. For example, in the used car market, buyers cannot know everything about the cars and cannot fully trust them. Because of this, they often try to buy used cars at lower prices to evaluate their quality. To make buyers feel more confident, sellers might promise to repair the car free of charge if it breaks within a year after purchase, protecting themselves against adverse selection. A successful transaction depends on strategies that align with the market’s specific characteristics. - Joseph’s “just my thoughts”
All films are shown to the audience after completion. This is non-negotiable. It is, after all, record art. The audience must accept the film's fate, which has already been decided. If there is a spectator in our lives, our life is undoubtedly meant to be lived according to a predetermined plan. Isn't it? - Joseph’s “just my thoughts”